Middle East Paper Corrects Q1 2026 EPS Figures
Middle East Paper Co. (1202) issued a correction to its Q1 2026 interim financial results, adjusting earnings per share. The current period loss per share is 0.02 SAR, reversing the previously reported profit of 0.06 SAR. The prior year comparable period was also corrected.
Key Numbers
Middle East Paper Co. (1202) announced a correction to its interim financial results for the period ending March 31, 2026, concerning earnings per share (EPS). According to the announcement published on the Saudi Exchange website, the current period loss per share is -0.02 SAR, reversing the previously reported profit of 0.06 SAR. The comparable prior year period EPS was corrected to a profit of 0.06 SAR from a previously reported loss of 0.02 SAR.
Key Financial Results
| Item | Current Period (Q1 2026) | Comparable Period (Q1 2025) |
|---|---|---|
| Earnings (Loss) per Share | -0.02 SAR (loss) | 0.06 SAR (profit) |
Highlights from the Announcement
The company stated that the previous announcement published on May 7, 2025 contained errors in EPS figures, with the numbers for the current period and the comparable period reversed. The correction announcement did not include any additional information.
Future Guidance
No future guidance was provided in this announcement.
Impact on the Stock
The correction is likely to affect investor expectations, as the current loss differs from the previously announced profit. This may put short-term pressure on the stock price.
What This Means for Investors
The correction reveals that the company's Q1 2026 performance was weaker than initially reported, with a loss per share. Investors should adjust their expectations based on the revised figures and monitor any subsequent disclosures.
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